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Greece 7, Somalia 6, Nasa 5, Us 5, Nokia 5, Ireland 4, Italy 3, U.s. 3, Florida 3, Brussels 3, Spain 3, Orlando 2, Stowe 2, Newman 2, United Nations 2, America 2, London 2, Vermont 2, New York 2, Honolulu 2,
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  WHUT    BBC World News    News/Business.  
   International issues. (CC) (Stereo)  

    July 21, 2011
    7:00 - 7:30am EDT  

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>> this is "bbc world news." funding for this presentation is made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank. >> union bank has put its global financial strength to work for a wide range of
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companies. what can we do for you? >> and now, "bbc world news." >> the future of the euro zone at stake, leaders need for an emergency summit to tackle the debt crisis. the main challenge is how to stop the debt disease from spreading to the bigger economies of the region. hello and welcome. also, famine declared in parts of somalia, how will the united nations reads the politically unstable country? >> its place in history and the space shuttle pulls into port for the last time. it's voyaged at an end.
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>> atlantis makes its final descent to earth, ending nasa's 30-year shuttle program. , 7:00 a.m. in london and florida, 1:00 p.m. in brussels where in the militancy of summits of euro zone leaders is under way. they're trying to find solutions to a debt crisis which has snowballed across greece, ireland, and portugal. the challenge is preventing the prices from pitting spain and italy, which could reach critical levels. chris morris reports. >> for the past year, whenever european leaders have met, there has been one issue at the top of the agenda again and again. trying to fix the euro. the survival of the single currency has been called into question. there are increasingly urgent appeals for euro zone leaders to act decisively. >> they have said they will do
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what it takes to ensure the stability of their area. now is the time to make good on that promise. >> all eyes on the biggest countries. france and germany. how much more will they deal to help solve the debt crisis? and getting all parties to an agreement on making private shareholders like banks pay their own share. the three countries have already been billed out. greece, ireland, and portico. now greece needs a second bailout. if a deal cannot be agreed, it appears the debt crisis could spread to big economies like spain and italy. that could be catastrophic. that's why clarity is now deemed essential. further delay could be dangerous. >> postponing its over the summer is ridiculous. we would end up in a chaotic
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summer and it would open doors for speculation and further problems in spain and italy. these problems would be so big that they could not be solved. >> there is no simple formula. patience is in short supply. if the european union cannot a may to work in its current form, the alternatives are produced are. to further integration, perhaps the school and closer political union, or breaking the euro zone apart. finding a solution is one of the biggest challenges the european union could ever face. chris morris, bbc news, brussels. >> the director of the national institute of economic and social research is joining us. jonathan, lots of questions are being asked. will we get any concrete answers today? >> we will, but i worry we will see a repeat of the same strategy that has been tried for
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the last year-and-a-half and does not work, which is a set of half measures which gets some positive market reaction in the apart after closer examination. >> that cannot be sustained. the markets would not accept that >> . correct. and that strategy has come to the end of the road. euro zone leaders need to come up with something that would definitively resolve the crisis. on the reports we've seen so far, that does not look terribly likely. >> it is as much a political issue now as well as economics? >> that's right. overall, the level of euro zone debt and deficits is not alarming. it's less than the u.s. debt. there's no reason with the proper economic and political coordination that this crisis cannot be fixed.
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but the problem is the political roadblocks. >> in terms of what has been suggested, but there's a deal that will be presented. the banks' idea has been discarded. this of text and of a select the default, how might that work? >> it's not clear how that would work. on one hand, they want to make the banks take samba hit for irresponsible lending -- take some of the hit for irresponsible lending, but they don't want anything that could be labeled potentially as a default. they are looking at voluntarily extending the maturities. why should the banks do that voluntarily? what people in the markets are saying is either is a default or it is not.
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getting a half a compromise will not be successful. >> what is your prediction for the future in terms of the actual union? will we see it breaking apart ultimately? >> i still think that the probability is not. the european union on the whole has, when presented with the existential choice is, has chosen to move forward, to get it back together and move forward towards more integration, greater fiscal and political integration. i still think that is the most likely outcome over the medium- term. the risk of some sort of disorderly breakup of the euro is significantly higher and then it was a year ago, because leaders so far have failed to be able to get their act together on this. >> thank you very much for joining us. >> thank you. >> we will have much more on the
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euro zone crisis in business in a few minutes. now we will look at some of the other stories making headlines around the world. famine has been declared in parts of somalia. the question is how to get aid into the politically unstable country. a radical group has said that now it will allow aid. officials will send it as long as none of it is used to benefit militants. this report contains pictures that you may find it distressing. >> this child may be one of the lucky ones. being fed liquid nourishment through a tube. all the children in this camp across the border in kenya have had some relief. their families had fed -- fled famine and severe drought. >> people are arriving in terrible conditions. some children are dying on the
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way. if they do or die, sometimes they die on arrival because their immune systems are so poor. >> the warning is the two regions of the south of somalia will not be the last to be declared famine areas. where will be aid comes from? this desperate mother pleads for help. she says we are dying, where is the united nations and where is the muslim world, is asking. natural disaster is compounded by man-made turmoil. washington says now it will allow aid so long as militants. do not militants >> we are aware that we have to find ways to this instance the somali people in order to stave off stockstarvation. >> these are vivid images of the worst crises of its kind for
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nearly two decades in this part of the world. they have captured the attention of the outside world. turning concern into concrete action remains an urgent challenge. bbc news reporting. >> we are joined by the unisex regional director for eastern and southern africa -- inisef. how muc -- unisef. how much aid are you able to get into the areas run by militants? >> we have been working in somalia over the past decade. like many other partners, there are constraints in getting access to where people need aid the most. it has always been my hope to negotiate with a range of partners, including elders, clan leaders, local authorities,
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getting a guarantee of safe passage for aid as well as safety of our staff as well as our efforts. we would like to build on that and build on the last experience we had by airlifting goods into the regions where people need our help. >> is urgent right now. the u.s. is not going to give aid if it cannot be assured that the militants would not receive some of the aid. how can you negotiate that with the militants? >> we are negotiating to get aid to the people in need. the women and children from somalia, no matter which part of the country they are living. bome of them live in al-sabahabb
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areas. we will try to access people, and regardless of the area they live. we are looking for safe passage for our staff. >> you are confident that people donating from the u.s. will be happy with that and still donate? >> i think they will be because the aid will be donated to the people in need as well as water and sanitation materials and medicines to get to the people. what they don't want and what we don't want is that aid will not get to any group. we have a common concern there and a common motivation, people needing askus. this situation is unacceptable in the 21st century and we have to do everything possible. we will not compromise on making sure that our actions and a
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generous donations of the world will be kept where they are suppose to be. >> there has been anger expressed that the situation has not received the public attention that it should. do you agree that is the case across the board, that this needs more publicity? >> are we talking about this? yes, we have been talking about this for the past year. it's not enough. is our response to the scale of the needs enough? maybe not. there's already a very generous reaction from people all over the world, including british people and the british government and other partners. i think this is already a good base to start carrying emergency supplies to people. but in the coming days and weeks we will need much more and we
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have to keep the momentum. >> we wish you well with your efforts. thank you very much. the ministry of defence in london says two british nationals have been arrested by british forces in western afghanistan. reports suggests they are suspected of fighting for the taliban. news of the rest comes on the day when nato troops are due to hand over control to afghan security forces. the u.k. inquiry into phone hacking by journalists could be widening beyond news international. detectives have asked for records of a 2003 inquiry which looked into the use of private investigators by reporters. it found journalists across the industry have paid for illegally obtained information. a new study suggests taller people are at greater risk of developing a range of cancers. the research in the lancet found in women the likelihood of developing cancer rose by 16%
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for every 10 centimeters increase in height. taller men were all so mad at increased risk. -- were also at increased risk. the space shuttle atlantis is ending the american shuttle program, now landing. those are live pictures. more on that to come. irish prime minister accused the vatican of putting the church's reputation ahead of child rape victims. this follows a clerical sex abuse inquiry. >> the church and the state in ireland have been linked for generations. that relationship appears to have been changed with the publication of a reported to child sex abuse. the report found the vatican had systematically locked up an
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inquiry. the criticism was scathing. >> this function and this connection and elitism dominate the vatican today. they upheld instead of the primacy of the institution, its power, it's standing, and its reputation. >> other deputies in the parliament spoke of similar -- voiced similar criticism. >> i have asked myself, cannot be proud of the catholic church and its leaders? i have to be ashamed of what i am seeing. >> after so many clerical sex abuse scandals in ireland, many have thought the worst revelations had been exposed. but the report singled out
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former vatican aide to three popes, father john magee after sex abuse cases were not reported to the police and county court. he resigned last year and has since admitted that he should never done more to protect victims of abuse and apologized. for the alleged cover-up, it seems to have been the final straw for the irish government. towantiu.s. officials allow aid be sent to some affected areas of somalia controlled by militia as long as they say it's not used to benefit the militants. euro zone leaders prepared to discuss a new bailout plan for greece amid calls for urgent action to prevent the debt crisis spreading. aaron is here with a peek at the
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markets. they are down. are they not liking what they have heard so far? >> absolutely not. here's the problem. we are expecting today the euro zone leaders to draw a line the the under the green deck, but the political dithering which is creating uncertainty has continued to the markets. what this is doing is creating the very thing the euro zone leaders are trying to avoid, contagion. it is a real problem. the german chancellor threw cold water on the meeting a few days ago by saying not to expect anything concrete, that much more work is needed. some of that work may have been passed out last night in a lengthy president with the french president and the president of the european central bank. germany has been wanting private investors to take some of day hit in the second bailout
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package for greece. if the german plan board to go ahead, the credit ratings agencies would have said that is a default, and the contagion from that would be quite dramatic. we don't know what the agreement with the french will be. they will deliver that later. let's listen to the german chancellor had to say a short time ago. >> i think we will be able to get a new program for greece, an important signal. we want to get to the root of the problems, which means the sustainability of the dax has been enhanced, as well as the ability to compete in the markets. those are two reasons but some countries in the euro zone have problems. >> on top of that, we have had a few -- we have heard that the tax plan is probably not going
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to work and that a selective group default is not off the table. so the markets as we are back down to square one. i am not sure we can expect something concrete. that means markets and investors will continue blanking the lines -- blinking the lines. let's touch on other business stories. nokia has reported a $523 million loss for the second quarter. overall sales dropped by 7%. but investors will be alarmed that the revenue from its smart phones dropped by one-third over the period. compared with apple, which reported a couple days ago, the sales of apple iphone 4 and related services was 2.5 times
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up on the year. they found the challenge of the quarter > expected at apple, but the soon-to-be launched windows- powered from should help turn things around. etx capital.re from we have had a bit of time to digest the numbers. if you looked at apple's numbers, they sold 20 million i phones in the last quarter and made a record profit. how do you catch up with that? >> it's extremely difficult. nokia has a very small share of the market. that share of the market seems to be rapidly dropping. smartphone sales down over 30%
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for them as well as mobile devices. the average selling price for the smart phones did increase, but it's not enough. the company needs to be shipping 100 million units per quarter in order to justify the current level of cost. it is only shipping 89 million per quarter or less. and the cash was down about 9% for them. >> so far nokia has been relying on the lower end or midrange phones. sunny erickson and came out about a week ago and its losboss says the market has dropped off enormously. so that's another problem for nokia. >> the company depends on low-
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end and midrange telephones. families that normally would buy them are not purchasing them. the new microsoft product is not likely to impact on the earnings going into the next year sometime. it's going to be a tough six months for nokia. >> thanks for joining us. that's it for business for now. >> thanks. good to see you. after a huge amount of anticipation, america's final space shuttle has completed its mission. atlantis made a perfect on-time landing at the kennedy space center in orlando, florida. it completed a 13-day mission to the space station, ending nasa's its 30-year shuttle program. let's look at the final countdown.
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>> main gear touchdown. now deploying dragshoot. ferguson rotating the nose gear down to the deck. nose gear touchdown. having fired the imagination of a generation, a ship like no other, its place in history secured, the space shuttle pulls into port for the last time, its voyage at an end. >> there you go. joining us from the kennedy space center in orlando, florida, is our correspondent, andy gallagher. describe the mood. marking its place in history. >> as atlantis touched down at
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the bun away -- runway there was a huge cheer from reporters, about 200 people. the sonic boom really heralded the end of an era. the end of its chapter nasa would have us to believe. the reality is this is the end of an era. the shuttle program has been in service 30 years. it carried out countless achievements, but tomorrow 4000 people here will lose their jobs and thousands more will be affected along the coast. the crew is still on the bun awa -- runway. the crew will go through rigorous health checks. it's a bittersweet moment, a chance for nasa to reflect on achievements. all four orders over the last 30 years. they gave us the hubble
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telescope that gave us images beyond our universe, increased our understanding of astrology, and build the international space station, perhaps the crowning achievement. 4000 people tomorrow at nasa will lose their jobs. up to 10,000 people or 12,000 people will lose their jobs across the space coast. tomorrow will be about looking back and remembering what the shuttle did. for other people is a difficult moment. so many people have been involved in the program since 1981. >> thank you very much. certainly changes america's dominance in space now. much more on the european leaders meeting in brussels. and more on the bbc web site, what the second bailout package would mean for greece. and analysis of the euro zone crisis. go to bbc.com/news. that's it for the moment. stay with us on bbc world news. there's more to come.
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>> make sense of international news at bbc.com/news. >> funding was made possible by the freeman foundation of new york, stowe, vermont, and honolulu. newman's own foundation. and union bank.
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>> union bank has put its global financial strength to work for a wide range of companies what can we do for you? >> "bbc world news" wasloleange. te
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